Eastman Chemical | Company Information from ICIS

Eastman is a global chemical company with a broad portfolio of manufacturing technologies and chemical, plastic and fibre products. Eastman is structured into two business groups: Chemicals and Fibres which includes performance chemicals, intermediate fibres, coatings, adhesives and specialty polymers and inks; and Polyesters including specialty plastics.

A strategic plan for the company is to strengthen its polyethylene terephthalate (PET)product lines. It has built a 350,000 tonnes/year PET manufacturing facility based on its IntegRex technology. It is rationalising 350,000 tonnes/year of its higher-cost PET capacity at its South Carolina, US facility and has sold facilities outside of the US.

Eastman says that it also has several projects involving coal gasification in development. The company expects over time to increase its product volume derived from gasification-based raw materials to 50% from its current 20%.

Looking ahead, Eastman says it is a “stronger, more focused and more stable” company. It believes it has a solid foundation of businesses that will provide “strong” earnings going forward.

Eastman has some 10,500 employees with headquarters in Kingsport, Tennessee, US, and had sales of $6.7bn in 2008.

ICIS Chemical Business magazine has unveiled the ICIS Top 100 Chemical Companies, with rankings based on 2008 sales.

A PDF of the ICIS Top 100 Chemical Companies is available for download on ICIS connect.

See the article and analysis of the ICIS Top 100 on ICIS news.

Key Personnel

Chairman: J Brian Ferguson (will become executive chairman 2010)

President and chief executive officer: James Rogers

Non-executive director: Gary Anderson

Non-executive director: Michael Connors

Non-executive director: Stephen Demeritt

Non-executive director: Robert Hernandez

Non-executive director: Renee Hornbaker

Non-executive director: Lewis Kling

Non-executive director: Howard Lance

Non-executive director: Thomas McLain

Non-executive director: David Raisbeck

Non-executive director: Peter Wood

(Updated July 2009)

Contacts  

Eastman Chemical Company Structure

Eastman is a global chemical company with a broad portfolio of manufacturing technologies and chemical, plastic and fibre products. Founded in 1920 by George Eastman to supply basic photographic chemicals for Eastman Kodak, Eastman Chemical became an independent publicly traded company in January 1994.
More about Eastman Chemical Structure

Eastman Chemical Strategy & Financial Highlights

Eastman Chemical will focus on its strategy of continuing to strengthen its portfolio and launching new technologies. Eastman Chemical will also pursue opportunities in key development areas. (Edited from “To our stockholders” and “outlook” annual report). ICIS also provides you with key financial data listed in table form. More about Eastman Chemical Strategy & Financial Highlights

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